Infinera (NASDAQ:INFN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Infinera (NASDAQ:INFN) in a report issued on Wednesday morning. The firm issued a hold rating on the communications equipment provider’s stock.

Infinera Price Performance

INFN stock opened at $6.64 on Wednesday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The company’s 50 day simple moving average is $6.64 and its 200-day simple moving average is $6.63. Infinera has a 12 month low of $4.93 and a 12 month high of $6.92. The firm has a market capitalization of $1.57 billion, a PE ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last released its quarterly earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The company had revenue of $414.39 million for the quarter, compared to analysts’ expectations of $409.08 million. Equities analysts expect that Infinera will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of Infinera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC acquired a new stake in shares of Infinera during the 4th quarter worth $56,240,000. PSquared Asset Management AG grew its position in Infinera by 131.6% during the fourth quarter. PSquared Asset Management AG now owns 5,606,004 shares of the communications equipment provider’s stock valued at $36,831,000 after acquiring an additional 3,185,500 shares during the period. Toronto Dominion Bank acquired a new stake in Infinera during the fourth quarter worth about $4,862,000. One68 Global Capital LLC purchased a new position in shares of Infinera in the 4th quarter worth about $4,566,000. Finally, ABC Arbitrage SA purchased a new position in shares of Infinera in the 4th quarter worth about $2,306,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

About Infinera

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.